Comprehensive Study 1 Up to Date Content
PREP: Oklahoma Brokerage
Relationship Act Latest Questions
and Graded Answers
Which of the following broker duties is owed only to a
client?
A. Exercise reasonable skill and care.
B. Present all written offers and counteroffers.
C. Provide a seller's net sheet to the seller in writing.
D. Disclose information pertaining to the property.
Ans: C. Provide a seller's net sheet to the seller in
writing.
Below is a list of situations involving possible confidential
information. Indicate which situation must be disclosed.
A. You are showing homes to a prospective buyer who tells
you that he wants to offer $125,000 for a property, but would
be willing to pay up to $155,000.
B. Your seller tells you that there is a crack in the foundation
of the home that he "repaired" himself with caulk so it
wouldn't be seen. It is not mentioned on the property
disclosure.
C. Your buyer tells you that they are looking for a loan with
an interest rate lower than 4.5%, but would be willing to
accept a rate up to 6% if need be.
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D. You are the listing broker for a client who tells you that
she needs to sell her home quickly because she is getting a
divorce.
E. You are showing a property to a prospective buyer who
tells you he is planning to purchase a large home so her can
move his mother in with him.
F. You are showing apartments to a t
Ans: B. Your seller tells you that there is a crack in
the foundation of the home that he "repaired" himself
with caulk so it wouldn't be seen. It is not mentioned
on the property disclosure.
Which of the following broker duties can be waived in
writing by a party?
A. Treat all parties with honesty.
B. Account for all money and property received.
C. Receive all written offers and counteroffers.
D. Keep confidential information received from a prospective
party confidential.
Ans: C. Receive all written offers and counteroffers.
Which of the following statements is FALSE?
A. Either a broker or a firm may provide services to one or
both parties in a transaction.
B. When a broker provides brokerage services to a buyer,
her or she must describe and disclose in writing the broker's
duties and responsibilities owed to each of the parties.
Up to Date Content
PREP: Oklahoma Brokerage
Relationship Act Latest Questions
and Graded Answers
Which of the following broker duties is owed only to a
client?
A. Exercise reasonable skill and care.
B. Present all written offers and counteroffers.
C. Provide a seller's net sheet to the seller in writing.
D. Disclose information pertaining to the property.
Ans: C. Provide a seller's net sheet to the seller in
writing.
Below is a list of situations involving possible confidential
information. Indicate which situation must be disclosed.
A. You are showing homes to a prospective buyer who tells
you that he wants to offer $125,000 for a property, but would
be willing to pay up to $155,000.
B. Your seller tells you that there is a crack in the foundation
of the home that he "repaired" himself with caulk so it
wouldn't be seen. It is not mentioned on the property
disclosure.
C. Your buyer tells you that they are looking for a loan with
an interest rate lower than 4.5%, but would be willing to
accept a rate up to 6% if need be.
Up to Date Content
, Comprehensive Study 2 Up to Date Content
D. You are the listing broker for a client who tells you that
she needs to sell her home quickly because she is getting a
divorce.
E. You are showing a property to a prospective buyer who
tells you he is planning to purchase a large home so her can
move his mother in with him.
F. You are showing apartments to a t
Ans: B. Your seller tells you that there is a crack in
the foundation of the home that he "repaired" himself
with caulk so it wouldn't be seen. It is not mentioned
on the property disclosure.
Which of the following broker duties can be waived in
writing by a party?
A. Treat all parties with honesty.
B. Account for all money and property received.
C. Receive all written offers and counteroffers.
D. Keep confidential information received from a prospective
party confidential.
Ans: C. Receive all written offers and counteroffers.
Which of the following statements is FALSE?
A. Either a broker or a firm may provide services to one or
both parties in a transaction.
B. When a broker provides brokerage services to a buyer,
her or she must describe and disclose in writing the broker's
duties and responsibilities owed to each of the parties.
Up to Date Content
